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-   -   Balance Sheet from Income Statement and Cash Flow (https://www.askmehelpdesk.com/showthread.php?t=658865)

  • May 9, 2012, 03:33 PM
    rshunter0907
    Balance Sheet from Income Statement and Cash Flow
    I have been asked for a job interview to prepare a balance sheet from an income statement and cash flow statement. Is this even possible? If it is, what would it look like?

    Here is what I have been given:
    Revenue - $4,600,380
    Operating Expense - $1,854,064
    Operating Profit/Loss - $2,746,316
    Tax Depreciation - $106,573
    Tax Profit/Loss - $2,639,743
    Free Cash Flow - $2,746,316 (Revenue - Op Exp)
    Tax Profit/Loss - $2,639,743
    Tax Benefit/Liability - <$923,910>
    After Tax Return to Equity Holders - $1,822,406
    Book Depreciation - $2,186,202
    EBIT - $560,114
  • May 9, 2012, 05:18 PM
    paraclete
    Quote:

    Originally Posted by rshunter0907 View Post
    I have been asked for a job interview to prepare a balance sheet from an income statement and cash flow statement. Is this even possible? If it is, what would it look like?

    Here is what I have been given:
    Revenue - $4,600,380
    Operating Expense - $1,854,064
    Operating Profit/Loss - $2,746,316
    Tax Depreciation - $106,573
    Tax Profit/Loss - $2,639,743
    Free Cash Flow - $2,746,316 (Revenue - Op Exp)
    Tax Profit/Loss - $2,639,743
    Tax Benefit/Liability - <$923,910>
    After Tax Return to Equity Holders - $1,822,406
    Book Depreciation - $2,186,202
    EBIT - $560,114

    Obviously a trick question, the answer; insufficient information
  • May 10, 2012, 06:48 AM
    jmdavison
    Remember a balance sheet is assets vs liabilities. Not near enough information...

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